Riverbed Technology Incorporated (RVBD): Today's Featured Computer Hardware Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Riverbed Technology Incorporated ( RVBD) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.5%. By the end of trading, Riverbed Technology Incorporated rose $0.65 (4.6%) to $14.79 on average volume. Throughout the day, 3,426,211 shares of Riverbed Technology Incorporated exchanged hands as compared to its average daily volume of 4,013,800 shares. The stock ranged in a price between $14.15-$14.89 after having opened the day at $14.34 as compared to the previous trading day's close of $14.14. Other companies within the Computer Hardware industry that increased today were: Ruckus Wireless ( RKUS), up 7.2%, SMART Technologies ( SMT), up 6.8%, Dot Hill Systems Corporation ( HILL), up 6.2% and Silicom ( SILC), up 3.6%.
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Riverbed Technology, Inc. provides solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs) in the United States and internationally. Riverbed Technology Incorporated has a market cap of $2.3 billion and is part of the technology sector. The company has a P/E ratio of 43.3, above the S&P 500 P/E ratio of 17.7. Shares are down 27.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Riverbed Technology Incorporated as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the negative front, Identive Group ( INVE), down 6.9%, Logitech International S.A ( LOGI), down 6.8%, Rimage Corporation ( RIMG), down 5.4% and Synaptics ( SYNA), down 2.6% , were all laggards within the computer hardware industry with Hewlett-Packard ( HPQ) being today's computer hardware industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

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